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Table Manufacturing Company produces one style of tables. the following data pertain to producing one table Planned production/month units (one table) 50 Piece of woods

Table Manufacturing Company produces one style of tables.

the following data pertain to producing one table

Planned production/month

units (one table)

50

Piece of woods (M)

20

Estimated M price

$20

Actual production

Quantity purchased (QP) from M

19

Actual price (AP)

$21

Material price variance?

$19, Favorable

$19, Unfavorable

$20, Favorable

$20, Unfavorable

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